• GBP/AUD initially dipped on Monday but early slide was erased on back of buoyant risk sentiment.
• The pair hit daily low at 1.9043 and was last trading at 1.9122 in late US session .
• GBP/AUD remains vulnerable, only a break and daily close above 1.9200 will shift bias to the upside.
• Technical are bearish, daily RSI is negative at 40, daily momentum studies 14 and 21 DMAs are trending down.
• Immediate resistance is located at 1.9156 (38.2%fib), any close above will push the pair towards 1.9242(50%fib).
• Strong support is seen at 1.9044(23.6%fib) and break below could take the pair towards 1.9022(Lower BB).
Recommendation: Good to sell on around 1.9150, with stop loss of 1.9300 target price of 1.9050
